Pump.fun ICO Sells Out Rapidly, Raises Up to $600M

TL;DR Summary
Pump.fun's ICO sold out in just 12 minutes, raising $600 million by selling 150 billion tokens, with mixed reactions from the community regarding its legitimacy and potential. The event highlights the rapid growth and speculative nature of memecoins, prompting caution among investors.
- Pump.fun ICO sells out in 12 minutes, raises $600 mln: For retail, this means… AMBCrypto
- Memecoin Platform Pump.fun Raises $600 Million Within 12 Minutes Bloomberg
- Pump.fun ICO raises $500M, sells out within minutes Cointelegraph
- Solana-based memecoin generator Pump.fun plans to list its upcoming PUMP token on July 12 The Block
- Pump.fun Swiftly Raises $500M in Public Sale at $4B Fully Diluted Valuation CoinDesk
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